Question

a man buys an article for rs80 and marks it as rs 120. he,then allows a discount of 40%.what is the loss or gain percent ?
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Answer 1

Answer:

C.P. = Rs.80, M.P.= Rs. 120, Discount = 40%

∴ S.P. = 60% of Rs.120=10060×Rs.120=Rs.72

∴ Loss = Rs.80 - Rs.72 = Rs.8 

Loss % =808×100=10%